FTUKcom

The Pound remains propped near 1.3800...

Long
FX:GBPUSD   British Pound / U.S. Dollar
The Pound remains propped near 1.3800 vs the Dollar and 0.8500 against the Euro, but unable to breach either psychological barrier on the back of an upgrade in UK manufacturing PMI, and aside from the obvious swathe of bids in Eur/Gbp just under the current 2021 low, Eur/Usd resilience on the 1.1700 handle is also keeping Sterling at bay. From a technical standpoint, this pair looks ready for heavy bullish PA.

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